CHINA: SAIC and CP group to make MG in Thailand
SAIC Motor and CP Group of Thailand are planning a joint venture (JV) to produce and sell MG models for the ASEAN region.
Initial spend is around CNY1.8bn (US$286m) with SAIC Motor holding 51% through SAIC Hong Kong Investment Company and SAIC UK while CP Group has 49%.
Car sales will start in 2014 with initial - right hand drive - production planned at 50,000 units a year. Additional models will eventually take annual capacity to 200,000 units.
CP Group has previous experience with Chinese-Thai cooperation and operating joint ventures.
- COMMENT: Volvo's US sales surge as China reverses
- THE WEEK THAT WAS: Trouble in Tianjin
- China's economic turbulence worries auto industry
- COMMENT: TPP legacy as Obama's Grand Projet?
- VEHICLE ANALYSIS: 2016 Land Rover Discovery & L462
- UPDATED IAA debuts list: Toyota Prius added
- BMW launches smartphone wireless charging
- Uber hires car hacking engineers
- Suzuki-VW dispute over
- BAIC Motor to acquire Daimler stake
- General Motors Company (GM) - Financial and Strategic SWOT Analysis Review
- Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
- Global light vehicle safety systems market- forecasts to 2030
- Global light vehicle engine technologies market- forecasts to 2030
- Volkswagen AG - Strategy and SWOT Report